Atria Investments Inc Increases Position in Workday, Inc. (NASDAQ:WDAY)

Atria Investments Inc boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 5.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 46,903 shares of the software maker’s stock after buying an additional 2,579 shares during the period. Atria Investments Inc’s holdings in Workday were worth $12,102,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WDAY. Janney Montgomery Scott LLC grew its stake in Workday by 12.1% during the third quarter. Janney Montgomery Scott LLC now owns 19,228 shares of the software maker’s stock valued at $4,700,000 after acquiring an additional 2,076 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Workday by 1.6% during the third quarter. Asset Management One Co. Ltd. now owns 78,699 shares of the software maker’s stock valued at $19,235,000 after acquiring an additional 1,274 shares in the last quarter. QRG Capital Management Inc. grew its stake in Workday by 14.4% during the third quarter. QRG Capital Management Inc. now owns 7,170 shares of the software maker’s stock valued at $1,752,000 after acquiring an additional 905 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new position in Workday during the third quarter valued at $307,000. Finally, Crestwood Advisors Group LLC grew its stake in shares of Workday by 1.6% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,486 shares of the software maker’s stock worth $852,000 after buying an additional 56 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WDAY shares. UBS Group lifted their price objective on shares of Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Piper Sandler lifted their price objective on shares of Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Loop Capital lifted their price objective on shares of Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of Workday in a research note on Wednesday, February 26th. Finally, BNP Paribas raised shares of Workday to a “strong-buy” rating in a research note on Friday, February 14th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average price target of $302.14.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 66,455 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,729,781.44. The trade was a 39.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 435,829 shares of company stock valued at $113,033,319. Insiders own 20.00% of the company’s stock.

Workday Stock Up 2.4 %

Shares of Workday stock opened at $259.61 on Thursday. The firm’s 50 day moving average price is $258.98 and its 200-day moving average price is $255.49. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The company has a market cap of $69.06 billion, a P/E ratio of 43.05, a PEG ratio of 3.55 and a beta of 1.35.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. On average, sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.